TPL Corp and Abhi Pvt Ltd are acquiring 94.8% of FINCA Microfinance Bank to boost Pakistan's economy.

The State Bank of Pakistan has approved TPL Corp and Abhi Pvt Ltd to jointly acquire 94.8% of FINCA Microfinance Bank. This move is seen as a positive step for Pakistan's economy, combining FINCA's microfinance capabilities with TPL's market experience and Abhi's fintech innovation. The acquisition aims to enhance financial inclusion and offer more financial products to support small businesses and individuals.

November 12, 2024
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